Are you financially fit?

Consider consolidating your super

If you’ve worked for more than one employer, you may also have more than one super account. If this is the case, you might want to think about rolling up all the super from previous jobs into a single fund.

This may help make it easier to keep track of your super. You may also avoid paying multiple fees and insurance premiums but, depending on which fund you consolidate with, you might pay higher fees or lose out on certain benefits like insurance cover or investment performance. If you have any questions, speak to a licensed financial adviser or visit the ASIC MoneySmart website for more information.

Make sure you do your research and tell your other fund about any contributions you intended to claim a tax deduction for before you consolidate your super – we can’t stop the transfer if you change your mind afterwards!

While you’re at it, why not look for any lost super? Who knows, you might be amazed at what you find .

Work your money smarter

If you’ve got a nice amount of money banked up in your super, it might be time to start doing a bit more with it. Your investment preferences can change over the course of your life so have a think about what’s right for you. The good news is you can change your investment options with Rest at any time.

If invested over a long period, higher risk investment options have the potential to offer higher returns than conservative investment options but are generally also more sensitive to market volatility. On the other hand, lower risk options might provide a lower return on your investment but typically fluctuate less. Take an interest in what investment options are available to you and make that money work. 

Get expert advice

We all know the benefits of a personal trainer – sometimes you just need a bit of a helping hand to educate you on the basics and point you in the right direction.

Well, just like the gym, your super isn’t always easy to navigate. That’s why Rest has a team of experts dedicated to helping you organise your super – think of them as your super personal trainers. Rest Advisers can work with you to make the most of your super, so you can get on with all the fun stuff. As a Rest member, certain simple advice can be provided at no additional cost, but you might need to pay a fee for more detailed advice. We’ll let you know before any fees are charged . Book a call with a Rest Adviser.